Removals and Storage UK Ltd,Ltd - AccountsLtd - Accounts

Removals and Storage UK Ltd,Ltd - AccountsLtd - Accounts

REMOVALS AND STORAGE UK LIMITED - Company Information

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2016-11-01 05456924 2017-10-31 05456924 2016-11-01 2017-10-31 05456924 2016-10-31 05456924 2015-11-01 2016-10-31 05456924 uk-core:WithinOneYear 2016-10-31 05456924 uk-core:WithinOneYear 2017-10-31 05456924 uk-core:AfterOneYear 2016-10-31 05456924 uk-core:AfterOneYear 2017-10-31 05456924 uk-core:ShareCapital 2017-10-31 05456924 uk-core:ShareCapital 2016-10-31 05456924 uk-core:SharePremium 2017-10-31 05456924 uk-core:SharePremium 2016-10-31 05456924 uk-core:RetainedEarningsAccumulatedLosses 2017-10-31 05456924 uk-core:RetainedEarningsAccumulatedLosses 2016-10-31 05456924 uk-bus:Director1 2016-11-01 2017-10-31 05456924 uk-core:NetGoodwill 2016-11-01 2017-10-31 05456924 uk-core:ToolsEquipment 2016-11-01 2017-10-31 05456924 uk-core:CommercialMotorVehicles 2016-11-01 2017-10-31 05456924 uk-core:FurnitureFittings 2016-11-01 2017-10-31 05456924 uk-core:Goodwill 2016-10-31 05456924 uk-core:Goodwill 2017-10-31 05456924 uk-core:ToolsEquipment 2016-10-31 05456924 uk-core:FurnitureFittings 2016-10-31 05456924 uk-core:CommercialMotorVehicles 2016-10-31 05456924 uk-core:CommercialMotorVehicles 2017-10-31 05456924 uk-core:FurnitureFittings 2017-10-31 05456924 uk-core:ToolsEquipment 2017-10-31 05456924 uk-core:WithinOneYear 2017-10-31 05456924 uk-core:WithinOneYear 2016-10-31 05456924 uk-core:AfterOneYear uk-core:Secured 2017-10-31 05456924 uk-core:AfterOneYear uk-core:Secured 2016-10-31 iso4217:GBP 05456924 uk-bus:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 05456924 uk-bus:FRS102 2016-11-01 2017-10-31 05456924 uk-bus:FullAccounts 2016-11-01 2017-10-31 05456924 uk-bus:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31
Draft
Removals and Storage UK Ltd
Registered Number:05456924
For the year ended 31 October 2017
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 October 2017
Removals and Storage UK Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
As at 31 October 2017
Removals and Storage UK Ltd
Statement of Financial Position
Registered Number :
05456924
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
39,795
51,211
3
39,795
51,211
Current assets
Inventories
1,950
1,950
4
Trade and other receivables
61,146
72,747
5
45,766
Cash and cash equivalents
35,622
110,319
108,862
Trade and other payables: amounts falling due within one year
(109,020)
(105,096)
6
(158)
5,223
Net current assets
Total assets less current liabilities
45,018
51,053
Trade and other payables: amounts falling due after more than one
year
(45,325)
(38,967)
7
6,051
Net assets
5,728
Capital and reserves
Called up share capital
100
100
Share premium account
4,990
4,990
Retained earnings
961
638
6,051
5,728
Shareholders' funds
For the year ended 31 October 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Pollard Director
These financial statements were approved and authorised for issue by the Board on 08 December 2017 and were signed by:
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4
Draft
For the year ended 31 October 2017
Removals and Storage UK Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
Draft
For the year ended 31 October 2017
Removals and Storage UK Ltd
Notes to the Financial Statements
Statutory Information
Removals and Storage UK Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
05456924.
Registered address:
Unit A Spring Bank Ind Estate
Watson Mill Lane
Sowerby Bridge
Halifax, West Yorkshire
HX6 3BW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
50% Straight line
Computer equipment
20% Straight line
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
Draft
For the year ended 31 October 2017
Removals and Storage UK Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2016
16,765
At 31 October 2017
16,765
Amortisation
At 01 November 2016
16,765
At 31 October 2017
16,765
Net book value
At 31 October 2017
-
At 31 October 2016
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or valuation
At 01 November 2016
168,339
6,258
5,859
156,222
6,625
-
-
6,625
Additions
At 31 October 2017
162,847
5,859
6,258
174,964
Provision for depreciation and impairment
At 01 November 2016
117,128
6,258
5,859
105,011
Charge for year
18,041
-
-
18,041
At 31 October 2017
135,169
6,258
5,859
123,052
At 31 October 2017
Net book value
39,795
-
-
39,795
At 31 October 2016
51,211
-
-
51,211
4. Inventories
2016
2017
£
£
Stocks
1,950
1,950
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7
Draft
For the year ended 31 October 2017
Removals and Storage UK Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2016
2017
£
£
Trade debtors
22,812
17,591
Other debtors
49,935
43,555
61,146
72,747
6. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
120
-
Trade creditors
57,313
64,985
Taxation and social security
29,937
29,118
Other creditors
17,726
14,917
105,096
109,020
7. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Bank loans and overdraft
10,000
-
Other creditors
28,967
45,325
38,967
45,325
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